Accountancy, asked by Shaikferoz2278, 26 days ago

What is meant by 'Fluctuating Capital' of a partner?

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Answered by s13449bbhavika6822
0

Answer:

It is a method of maintaining Capital Accounts of partners under which all transactions relacted to a partner (such as his share of profit/loss, drawings, interest on capital or drawings, salary, etc.,) are recorded in his Capital Account.

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